The Hormuz Premium $XOM Knocking on Its 52-Week High

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XOM is trading at $152.50 on the daily chart, sitting just below the 52-week high of $156.93.

With the Iran-US conflict escalating and Strait of Hormuz shipping at risk, I've mapped out two high-probability buy zones with exceptional risk/reward setups.

🟢 Buy Zone 1 Current Level ($152.50)
Price is consolidating just under the 52-week high. A breakout above $156.93 with volume confirms the trade.

Stop: $2.58 below entry (1.705%)
Target 1: +18.648% ($179.07 area)
Target 2: +27.716% (full extension)
Risk/Reward Ratio: 10.94
Position: 19,379 qty / $450,000

🟢 Buy Zone 2 Pullback Entry ($140 area)
If price rejects the 52-week high and pulls back, this lower demand zone offers an even better R/R setup.

Stop: $2.58 below entry (1.840%)
Target 1: +18.648%
Target 2: +27.716% ($179.07)
Risk/Reward Ratio: 15.06
Position: 19,379 qty / $450,000

Key Levels:

🔑 52-Week High Resistance: $156.93
🔑 Support / Buy Zone 2: $140.21
🔑 Hard Stop: $137.63
🎯 Primary Target: $179.07

The war premium is real, but the chart is giving two clean entries depending on how Monday opens. The lower buy zone at $140 actually offers a better R/R at 15.06 if patient. Don't chase the open let price come to your levels.

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